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International Paper signs agreement to sell foodservice business in china

International Paper has announced that it has entered into a definitive agreement to sell its foodservice business in China to Huhtamaki Hong Kong Limited. International Paper’s foodservice business in China has two plants and a workforce of approximately 200 employees. The transaction is expected to be completed in the next couple of months, subject to satisfaction of closing conditions, including obtaining required governmental approvals.
Over the last two years, the company has finalized the sale of its corrugated packaging business in China and Southeast Asia, along with the sale of its interest in a coated board joint venture business in China. Although the Chinese and Asian markets remain strategically important for IP, the Company has determined these markets can more effectively be served through its Ilim joint venture in Russia and with products exported from the U.S. and other parts of the world.

2017-07-03 
DS Smith : proposed acquisition of Interstate Resources

DS Smith Plc announced that it, along with its wholly-owned U.S. subsidiary, DS Smith Holdings, Inc., has entered into a conditional agreement to acquire 80 per cent. of the total issued share capital of Indevco Management Resources, Inc. (IMRI), the holding company for the Interstate Resources, Inc. group (IMRI and its subsidiaries together, the IRI Group), from Merpas Co. S.à r.l. (Merpas) for consideration of US$920 million (approximately £722 million) (the Initial Acquisition). The Buyer will also assume or procure repayment of 100 per cent. of the IRI Group’s financial indebtedness at Completion, expected to be approximately US$226 million (approximately £177 million). The consideration for the Initial Acquisition will be subject to customary post-Completion net debt and working capital adjustments.

The Buyer intends to satisfy the consideration through : a payment of US$846 million (approximately £664 million) in cash, to be satisfied out of the proceeds of a £280 million cash placing (net of commissions and expenses) (the Placing), utilisation of up to £400 million from a new bridge facility (the New Debt Facilities) and the rest from existing cash resources ; and the issue of consideration shares with a value of US$300 million (approximately £235 million) to Merpas (the Consideration Shares).

The Buyer and Merpas UKCo (an entity within the Merpas group that will hold the shares in IMRI) have also agreed that, on fixed dates over the next four years, Merpas UKCo can require the Buyer to acquire some or all of the remaining shares in IMRI on agreed terms and, on the fifth anniversary of Completion, the Buyer shall (unless the Buyer and Merpas UKCo agree otherwise) acquire any shares in IMRI that it does not already own, on agreed terms (any such further acquisition of shares in IMRI being a Further Acquisition and, together with the Initial Acquisition, the Acquisition).

The IRI Group is a family-owned integrated packaging and paper producer concentrated on the East Coast of the United States, operating from 19 production sites and having approximately 1,500 employees. For the year ended 31 December 2016, the IRI Group had revenues of $618 million.

The IRI Group operates across the entire packaging chain including wood procurement, paper manufacturing, design, packaging manufacturing and customer logistics. Customers in the United States accounted for 94 per cent. of turnover in the year ended 31 December 2016, with the majority of the IRI Group’s customer base for its packaging products being FMCG and food customers.

2017-07-03 
GEORGIA-PACIFIC : Palatka, Florida, mill selected for $400 Million investment

Georgia-Pacific has announced that its Palatka, Florida, mill has been selected as the location for the company’s previously announced investment of more than $400 million in its GP Consumer (retail) tissue and towel business. The investment supports continued growth for key customers’ premium private label towel products.
Investments to the Palatka mill include building a new paper machine using through-air-dried (TAD) technology, as well as adding associated converting equipment and infrastructure. Engineering and related work is beginning immediately, and startup of the upgraded operation is scheduled for 2019.
Approximately 80 jobs will be created to operate the new papermaking complex, in addition to the mill’s 850 current employees. An average of 160 construction and contract-related workers are expected to be onsite at the mill every day during the project, with a potential peak of 700 contract workers per day at the height of construction.
“This upgrade to our operations in Florida underscores our long history of investment in the state by Georgia-Pacific and Koch companies,” said Christian Fischer, Georgia-Pacific president and chief executive officer. “We appreciate the ongoing support of the local community, Putnam County and state officials in our efforts to continue making our Palatka mill more competitive for the long-term.
In the last 10 years, capital investment and acquisitions in the Palatka mill have totaled $306 million and statewide investments have totaled $1.5 billion.
“The Palatka mill has been a major economic contributor in Putnam County for 70 years,” said Larry Harvey, chairman, Putnam County Board of County Commissioners. “It is gratifying that Georgia-Pacific continues to see our community as a solid location for significant investment. With this new manufacturing technology coming to the Palatka mill, we look forward to many more decades of opportunity together.”
The Palatka mill currently operates two kraft paper machines, three paper machines manufacturing paper for bath tissue and paper towels, and a number of converting operations producing finished paper products.
The improvements will allow Georgia-Pacific’s current and potential customers to grow their premium private label towel brands, as well as expand the company’s Brawny® premium paper towel brand.
In Florida, Georgia-Pacific operates three facilities and employs nearly 1,600 people with total annual compensation and benefits of more than $143 million.

2017-07-03 
Faster, smarter paper purchasing with UPM's new eOrder service

UPM celebrates a digital milestone in 2017 with the launch of its new eOrder service, a groundbreaking online tool enabling speedy, transparent 24/7 order fulfilment through an intuitive, hassle-free digital interface.

The pioneering eOrder tool forms part of UPM’s existing Customer Online (COL) portal, which already offers paper customers a variety of convenient services such as real-time order status tracking, access to account history, invoicing and inventories, product browsing, e-claims and sample requests.

2017-07-03 
KaiCell Fibers with Finland’s Prime Minister in China Signs Investment Pre-Agreement with CHTC Group

Following Chinese President Xi Jinping’s visit to Finland in May, Finnish Prime Minister Juha Sipilä led a delegation of Finnish officials and business leaders to China during the last week of June. I addition to Mr Xi Jinping, Mr Sipilä met with Chinese Prime Minister Li Keqiang and numerous other representatives of the host nation. KaiCell Fibers Ltd CEO Jukka Kantola accompanied the Prime Minister with a view to further raise awareness of the company’s biorefinery destined for Paltamo, northeast Finland.
On top of the already close relationship that exists between KaiCell Fibers and the Chinese textile industry giant CHTC, an investment pre-agreement was signed in Beijing 29.6.2017 by Mr Jukka Kantola, and Mr Dongxing Wang, Chairman of Hi-Tech Fiber Group Corporation on behalf of China Hi-Tech (Jiangxi) Textile Design Institute Co., Ltd.

2017-06-29 
Rottneros develops eco-friendly food packaging and builds a new production line

Rottneros has developed a food packaging tray for fresh food and take away. The tray is manufactured entirely with wooden raw material and is both recyclable, renewable and degradable. The new product has been developed at Rottneros’ facility in Sunne, Sweden where a completely new production line for the trays is currently building. The tray will replace today’s plastic alternatives and will be used for convenience food, meat in grocery stores and take away food.

2017-06-29 
Valmet receives a repeat order of two more containerboard machines from Nine Dragons in China

Valmet will supply two more containerboard production lines with related automation systems for Nine Dragons Industries Co., Ltd., China. The new production lines will be located in Hebei (PM 41) and Shenyang (PM 42) and are similar to the previous orders of PM 39 and PM 40 announced in March 2017.

At this point, Nine Dragons also purchased steam and condensate systems for these new lines and for the previous board making lines (PM 39, PM 40, PM 41 and PM 42). All the board making lines will be designed to produce high-quality testliner grades out of 100 percent recycled raw materials. The start-ups of PM 41 and PM 42 are scheduled only a few months apart for late 2018 and early 2019. The start-ups of the two previous production lines are also scheduled a few months apart starting from the middle of 2018.

The orders are included in Valmet’s second quarter of 2017 orders received. The value of the order will not be disclosed. The value of an order of this type and scale is typically valued around EUR 100-120 million.

"Paper industry market in China is very active and our customers value sustainable and innovative paper and board making technology. The high activity is well demonstrated by this Nine Dragons’ decision to purchase four-in-a-row energy and resource efficient containerboard machines within a very short time. Modern industrial design played an important role in this case, too," says Jari Vähäpesola, President of Paper Business Line, Valmet.

2017-06-29 
Europac sells its factory in Tangier

​The Europac Group (Papeles y Cartones de Europa, S.A.) has reached an agreement to sell its packaging factory in Tangier to International Paper. The transaction amounted to 40 million euros, which after balance sheet adjustments add to 44 million euros. The operation contributes a consolidated net profit of 10 million euros to 2017 fiscal year, after investing in the construction, start-up and operation of the business. The sale agreement has the approval of the Conseil du Concurrence, the anti-trust authority in Morocco.

· The strategic objective of the group is to grow in the packaging and waste management sectors in a priority market such as Spain without increasing the debt ratio defined in its Strategic Plan 2015-2018

· The recent acquisitions of a packaging factory in Lucena (Córdoba) and of Transcon S.A., a waste management unit in Valladolid are framed within this context

· The packaging factory in Tangier has been acquired by International Paper Container Holdings (Spain), S.L. for an amount of 44 million euros after balance sheet adjustments

2017-06-29 
iFoodbag appoints new CEO

The packaging company iFoodbag has appointed Robert Grenmark as new CEO. Robert has been employed at the company for two years and has previously been CEO of companies including Estrella and Red Bull. He will now be leading iFoodbag and take its carrier bags with cooler and freezer function forward in order to take the company to new positions.

iFoodbag is the Swedish start-up company that invented an environmentally-friendly paper bag which cools and freezes goods like a freeze box. The product was launched in late 2016 and has won a number of awards and distinctions for its innovative solution. It has now been decided that Robert Grenmark will take over the role as CEO from the founder Karl Fallgren. The role, which Robert took over in June, includes consolidating and developing iFoodbag’s expansion and developing the product.

Robert has acted as Executive Vice President Global Sales in the company since spring 2015 and has put a lot of work into the launch of the product as well as into developing the sales organisation within iFoodbag. Before joining the exciting start-up company, his positions included for example CEO of Estrella, Red Bull and c/o Hotels.

2017-06-29 

Eco-Emballages and Ecofolio have merged. These French “Eco-Organims” have played a big role in the development of paper collection and recycling in France. All in all, during the last decades, some 10 bn euros have been invested by lots of companies, through Eco-Emballages and Ecofolio.
Eco-Emballages which was founded in 1992 is in charge of reducing packaging impact on the environment. It has also organized a collection and recycling system dedicated to Packaging.
Ecofolio was created in 2007 and is responsible of graphic papers’ sorting and recycling.
The TO of the new company will be around 780 M€, Eco-Emballages accounting for some 700 M€.
Philippe-Loïc Jacob will be the new company’s president whereas Jean Hornain will be Managing Director. Géraldine Poivert, formerly Ecofolio Managing Director, will be Deputy Managing Director.
This company will employ some 250 people. It will be located at 50, bd Haussmann in Paris, which is Eco-Emballages’s current address. It will also be supported by 8 regional directorships.
This merger will be effective next September. The main objectives are to improve the system’s efficiency and the recycling rates, through the reduction of sorting centers in particular.

2017-06-28 
Valmet to supply a complete tissue production line to ICT Iberica in Spain

Valmet will supply a complete tissue production line with an extensive automation package to ICT Iberica in Spain. The new Advantage DCT 200HS tissue line will be installed at the company’s mill in Burgo and will fit the company’s intention to adopt state of the art technology for their highest quality tissue production. The start-up is planned for the third quarter of 2018.

The order is included in Valmet’s second quarter orders received 2017. The value of the order will not be disclosed.

Valmet has previously delivered four tissue lines to ICT companies in Italy, France and Poland. The latest started up at the Kostrzyn mill in Poland in December 2015. 

"The results from our most recent tissue machine installation in Poland have convinced us that the Advantage DCT with the ViscoNip press technology is the solution also for the Burgo mill. We expect to reach the same high production efficiency and target to supply ULTRA quality tissue products to the Spanish market," says Riccardo Baccelli, Executive Director, ICT.

2017-06-28 
The logistics chain of Metsä Group’s bioproduct mill is ready

The new logistics solution designed specifically for Metsä Group’s bioproduct mill at Äänekoski is ready to serve the mill’s wood and pulp transport.

“We’ve built a carefully optimised logistics programme together with our partners, in which everything is based on delivery reliability and quality assurance,” says Jari Voutilainen, Metsä Group’s SVP, Logistics.

Once fully operational, the bioproduct mill – set to start up in mid-August 2017 – will use 6.5 million cubic metres of pulpwood and woodchip. It will produce 1.3 million tonnes of pulp a year.

2017-06-28 
Metsä Tissue to rebuild greaseproof paper machine at Düren mill

Metsä Tissue will rebuild paper machine 5 at its Düren mill in Germany. The total investment is approximately EUR 15 million and the rebuild starts immediately. The new volumes will be available on the market during the last quarter of 2018.

“We expect the demand for baking and cooking papers to continue to grow during the coming years. This investment will increase Düren mill’s paper production capacity by 10.000 tons, which will help us to secure our leading position as a global supplier of high-quality baking and cooking papers”, says Mariusz Jedrzejewski, SVP Baking & Cooking, Metsä Tissue. “We have production in Düren, Germany, and Mänttä, Finland, where we increased the production capacity in 2016. Both mills play a significant role in our Baking & Cooking business. Our products are made of fresh fibre, and the wood originates from sustainably managed Northern forests. This high-quality raw material combined with our strong production expertise result in high endurance and consistent high quality products.”

Metsä Tissue is the world’s leading supplier of baking and cooking paper products. The products are sold globally in ca. 70 countries, on all continents.

2017-06-28 
Metso signs distribution agreement with Process Control Equipment to develop customer presence and service levels in the UK, Benelux and Spain

Metso has signed a distribution agreement for its valve products with Process Control Equipment, PCE, to cover UK, Benelux and Spain. Under the non-exclusive agreement, PCE will add to its current portfolio of Metso’s Neles and Jamesbury product families for all process industries in all countries. PCE has been distributing Metso’s Jamesbury valves in the UK since 2012.

"The new agreement brings benefits for Metso’s customers in UK, Benelux and Spain to ensure better availability and service support for them. The expansion of distributors in these countries will bring additional value, including more local support, local inventories, and faster deliveries of our products," states Kyle Rayhill, Director of Global Distribution, Flow Control, Metso.

"We are excited to expand our cooperation with Metso. Our business has seen significant growth in recent years in supplying manual and actuated valves to a wide range of clients in numerous sectors. We see that there is great synergy between our current offering and Metso’s valve product range. This new partnership will help ensure that PCE and Metso continue to grow into the future," comments Richard Jackson, Managing Director of Process Control Equipment Ltd.

2017-06-28 
Appointment of Laurent Peyronneau, Managing Director of Coatex

Effective July 1st 2017, Laurent Peyronneau is being appointed Managing Director of Coatex.
Laurent Peyronneau, 46, graduated from Ecole Centrale of Lyon in Material Sciences.
In 1996 he took up the post of Sales Manager at Cray Valley, a subsidiary of the Total group supplying raw materials and additives to the Coatings, Inks and Adhesives industries. He later joined the Corporate Strategy Department (1998-2002) to manage M&A and other strategic projects, before holding a number of business management positions in Europe (2002-2006). He became Managing Director of the Korean entity in 2006 and Asia Pacific Vice-President in 2008.

2017-06-27 
Appointment of Virginie Delcroix, Arkema Vice President Sustainable Development

Effective 1st July 2017, Virginie Delcroix is being appointed Vice President Sustainable Development for the Arkema Group.
Corporate Social Responsibility (CSR) lies at the heart of the Group’s strategy, and the societal dimension is an integral part of Arkema’s performance. Virginie Delcroix’s mission will be to ensure that Arkema continues meeting the challenges of sustainable growth, while establishing the Group as a recognized player in this field.

2017-06-27 
Valmet receives its sixth tissue line order from Hayat Kimya

Valmet will supply an Advantage DCT machine including the flexible ViscoNip press and an extensive automation package to Turkish tissue producer Hayat Kimya. The company has decided to invest in a second machine at their mill in Yelabuga in Tartaristan, Russia, to meet the increasing demand for their high-quality tissue products. The new line will add 70,000 tons of tissue to Hayat Kimya’s current production of facial, toilet and towel tissue.

The order is included in Valmet’s second quarter 2017 orders received. The value of the order will not be disclosed.

This will be the seventh project where the Valmet’s and Hayat’s teams are working together. Previously Valmet has delivered five Advantage DCT 200TS tissue production lines to Hayat, which have started up at Hayat’s mills in Turkey 2010 and 2015, Iran 2013, Russia 2014 and Egypt 2016. Furthermore, Valmet conducted an extensive rebuild of their TM1 machine in Turkey during 2015.

2017-06-27 
Ahlstrom-Munksjö Oyj: Member of the Board of Directors Jan Inborr has passed away

Jan Inborr, a member of the Board of Directors of Ahlstrom-Munksjö Oyj, has passed away on June 24, 2017 after suffering from a short period of illness.

Inborr (b. 1948) became a Board Member on April 1, 2017, when Ahlstrom Corporation was merged into Munksjö Oyj to form Ahlstrom-Munksjö Oyj. He devoted most of his career to Ahlstrom Group companies and served on the Board of Directors of Ahlstrom Corporation during 2001-2010 and 2015-2017. Inborr was the Deputy CEO of the Ahlstrom Group from 1994 to 2000 as well as the President and CEO of Ahlstrom Paper Group from 1996 to 2000. He joined the Ahlstrom Group in 1972. From 2001 to 2008 he acted as the President and CEO of Ahlström Capital, the investment company of the Ahlström family.

“We have not just lost a colleague with a wealth of industry experience and knowledge but also a great friend. Jan was highly valued and respected by his colleagues and business partners,” says Hans Sohlström, Chairman of the Board of Directors at Ahlstrom-Munksjö. “On behalf of the Board of Directors, I would like to offer our warmest condolences. Our thoughts are now with Jan’s family.”

The Board of Directors will continue with eight members until the next Annual General Meeting in 2018.

2017-06-27 
Successful start-up of a strength resin plant at Kemira Estella site

Kemira has successfully started up production in its new strength resin plant located in Estella, Spain. The high-efficiency and premium quality strength resins produced at the plant are used in tissue, laminate, specialty and packaging as well as food and liquid packaging boards.
Production of these tissue, paper and board grades is growing in Western Europe, Eastern Europe and the Middle East region, and the new plant is well suited to serve Kemira’s highly valued customers in these markets.

2017-06-27 
Higher bulk with lower raw material usage: Voith’s EcoCal Plus reduces production costs in board manufacturing

With the new EcoCal Plus calender, Voith is ensuring that papermakers can produce high-grade board products with high stability and lower basis weight. The special thermal smoothing of the EcoCal Plus allows raw material savings of up to 3.5 percent. In addition, the process results in an improved surface structure of the paper.

The demand for board grades with maximum possible bulk has been growing steadily over the last few years. With lightweight and stable board products, significant cost savings can be achieved for example in the mail-order business. At the same time, board packaging products are increasingly important for advertising of consumer goods by focusing attention on the package contents which indirectly support its sales. Good printability and surface quality are just as important as stability and low weight. Both properties are positively influenced by the EcoCal Plus calender.

For the production of these board grades, the manufacturers usually use high fresh fiber content. Secondary fibers are only added in some cases. Lower basis weights and maintaining or improving board properties are therefore crucial for lowering resource consumption and production costs on the manufacturer side.

2017-06-26 
Siegwerk unveils color-intensive printing inks for serviettes and other tissue products

Siegwerk, a leading provider of printing inks for packaging applications and labels, is now offering an enhanced ink range for serviettes, kitchen towel and other tissue products - ColorTissue. This new ink system not only combines the best features of the company’s existing ready-to-use tissue inks but also achieves significantly higher color intensity than comparable inks on the market.
“The new ColorTissue series is the result of joint development work by our centers of excellence in Annemasse/France and Büdingen/Germany. It is an enhanced ready-to-use ink range for tissue applications that meets the highest market and regulatory standards”, Dirk Weißenfeldt, Vice President Paper & Board and Liquid Food Packaging at Siegwerk, explains. “The additional development of the new UNI T series of concentrates now enables us to offer our customers a modular system that allows them to mix printing inks in their own local mixing units.” The ink series is ISEGA-certified and complies with current EU regulations, the Swiss Ordinance as well as with the requirements of various eco-certification bodies, like “OK compost”.

2017-06-26 
Sonoco to Acquire Clear Lam Packaging, Inc.

Sonoco, one of the largest diversified global packaging companies, today announced it has signed a definitive agreement to acquire 100 percent of the stock of Clear Lam Packaging, Inc., a family-held developer and manufacturer of flexible and forming plastic packaging films for approximately $170 million in cash. The transaction is subject to normal regulatory review and is expected to close in the third quarter of 2017.

2017-06-26 
Bostik becomes Official Partner of Tour de France

Bostik, the specialty adhesives business line of Arkema, upgrades sponsorship to official partnership for 2017 and 2018 cycling events. Agreement will boost brand visibility worldwide and sees Bostik exclusively supply event organizers with smart adhesives for the duration of the race.
Bostik, a leading global adhesive specialist for construction, consumer and industrial markets, today announced that it has signed up as an official partner of iconic cycling event, the Tour de France.

2017-06-26 
ACOEM Group opens two new subsidiaries in Germany and India

ACOEM Group, experts in monitoring environmental parameters including noise, vibration and air quality continues its rapid international growth by opening two new subsidiaries in Germany and India.
ACOEM Group has undergone continuous growth since it was founded in 2011, following Areva’s sale of its 01dB-Metravib activities. Today, the Group generates over €87 million in global sales annually, 70% of which comes from six international subsidiaries based in Australia, Brazil, Germany, India, Sweden and the United States. Pursuing its international growth strategy, ACOEM Group announced the opening of two new subsidiaries :

2017-06-26 

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